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130918 AUDUSD

by | Sep 13, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-09-13
Resistance and Support Level Explanation
Resistance 0.7185 H1
Support 0.7145 H1

AUDUSD, H1: AUDUSD was recently traded lower following prior breakout below the support level 0.7185. Recent price action and MACD which illustrate bearish momentum and a starting formation of a death cross suggest the pair to extend its losses towards the support level 0.7145.

 

Resistance level: 0.7185, 0.7215

Support level: 0.7145, 0.7125